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Technology Stocks : IDTI - an IC Play on Growth Markets
IDTI 48.990.0%Mar 29 5:00 PM EST
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To: Norrin Radd who wrote (2125)3/24/1997 4:08:00 PM
From: Andrew H   of 11555
 
On a weekly basis, last spring/summer Nasdaq went from weekly closing high of about 1250 to weekly closing low of about 1080, a drop of about 13.6%. Currently the weekly closing high was about 1370. Today's close of 1242 marks a 9.5% decline from that high. A similar decline to the summer correction would result in a weekly low of 1184, a decline of roughly 4% from today's close.
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